Customer

A customer (sometimes known as a client, buyer, or purchaser) is the recipient of a Good or a service, or a product, or an idea, obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration. Etymologically, a client is someone merely inclined to do business, whereas a purchaser procures goods or services on occasion but a customer customarily or habitually engages in transactions. This distinction is merely historic. Today customers are generally categorized into two types:

  • An entrepreneur' or trader (sometimes a commercial Intermediary) who is a dealer that purchases goods for re-sale.
  • An end user or ultimate customer who does not re-sell the things bought but is the actual consumer or an agent such as a Purchasing officer for the consumer.
  • A customer may or may not also be a consumer, but the two notions are distinct, even though the terms are commonly confused. A customer purchases goods; a consumer uses them. An ultimate customer may be a consumer as well, but just as equally may have purchased items for someone else to consume. An intermediate customer is not a consumer at all. The situation is somewhat complicated in that ultimate customers of so-called industrial goods and services (who are entities such as government bodies, manufacturers, and educational and medical institutions) either themselves use up the goods and services that they buy, or incorporate them into other finished products, and so are technically consumers, too. However, they are rarely called that, but are rather called industrial customers or business-to-business customers. Similarly, customers who buy services rather than goods are rarely called consumers.

    Latest News for: Offshore market

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    The Policy Makers: Offshore wind is gearing up to bulldoze the ocean

    Sott 04 May 2024
    From CFACT The Biden Administration has recently produced a wave of plans and regulatory actions aimed at building a monstrous amount of destructive offshore wind ... In short, it is a seller's market....
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    Ireland unveils roadmap for 37GW of offshore wind by 2050

    Splash24/7 03 May 2024
    The government of Ireland has announced a roadmap which would enable the country to deliver 37GW of offshore wind by 2050. The so-called Future Framework sets out the pathway Ireland will take to deliver 20GW of offshore wind by 2040 and at least 37GW by 2050 ... to offshore wind....
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    AIFs can now issue offshore derivative instruments from Gift IFSC

    Business Line 03 May 2024
    The market for offshore derivative instruments (ODIs) at Gift IFSC may get a fillip with non-bank entities allowed to ......
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    Solstad Offshore wins new deals for four vessels worth $72m

    Splash24/7 02 May 2024
    Norway’s Solstad Offshore has won several deals in the offshore energy market with a combined duration of around 600 days, including mobilization and demobilization, valued at NOK 800m ($72.1m). The Normand Baltic CSV will be busy in the offshore wind market in Asia....
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    European market overview from Sarens

    Cranes Today 02 May 2024
    The market has been very busy and will remain so for the remainder of the year going into 2025 ... The energy transition is in full swing; this particularly shows for Sarens in the offshore wind market ... Whereas in the past only the ‘classic’ countries were getting involved in offshore wind we now see the market expanding to other countries....
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    Orsted leaving the doldrums as wind farms power up

    The Times/The Sunday Times 02 May 2024
    Profits for the world’s biggest offshore wind developer edged up during the first three months of the year, as it battled to turn its performance around and revive investor confidence ... Orsted cuts jobs and pulls out of offshore wind markets....
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    Wind projects deal

    GDN Online 02 May 2024
    Marking a strategic entry into the Bahrain market for the UAE’s clean energy champion, the ......
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    Australia gives nod to Ørsted for 4.8GW offshore wind project

    Splash24/7 01 May 2024
    The Australian Government has granted a feasibility licence for Ørsted’s first offshore ... We’re confident that Australia has all the ingredients to become a thriving and highly investable offshore wind market,” said Per Mejnert Kristensen, SVP and CEO of the APAC region at Ørsted....
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    Masdar, Bapco to develop up to 2GW of wind projects in Bahrain

    The Gulf Time 01 May 2024
    Marking a strategic entry into the Bahrain market for the UAE’s clean energy champion, the agreement for near-shore and offshore wind farms is Masdar’s first in the Kingdom and will be the first project of its kind in the region and the Middle East ... to develop new market sectors....
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    Masdar-Bapco Energies plans 2GW of wind projects in Bahrain

    24/7 News 01 May 2024
    Marking a strategic entry into the Bahrain market for the UAE’s clean energy champion, the agreement for near-shore and offshore wind farms is Masdar’s first in the Kingdom and will be the first project of its kind in the region and the Middle East ... to develop new market sectors....
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    Masdar, Bapco Energies to develop 2GW of wind power in Bahrain

    GDN Online 01 May 2024
    Marking a strategic entry into the Bahrain market for the UAE’s clean energy champion, the agreement for near-shore and offshore wind farms is Masdar’s first project of its kind in the region.  ... critical industrial sectors and open avenues to develop new markets....
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    China, France set exemplary model of win-win cooperation in energy sector

    People Daily 01 May 2024
    Expanding into the international oil and gas market is one of the goals of China-France oil and gas technology cooperation ... "Europe is expected to install 50 gigawatts of floating offshore wind turbines by 2030 ... The French company leading the offshore wind power market in China is EDF, France's leading electric utility company....
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    RBI issues draft framework for electronic trading platforms

    The Times of India 29 Apr 2024
    ... forex market with offshore markets....
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